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Latest news: Economy, Business and Finance

Financial pressures nudging retirees back to work

Financial pressures nudging retirees back to work

Many Australians are putting off retirement or returning to work, though ageism remains a key concern for older people considering the move.

Looming job market slowdown to hit young workers hard

Looming job market slowdown to hit young workers hard

Looming job market slowdown to hit young workers hard

Looming job market slowdown to hit young workers hard

The strength of the jobs market has been puzzling economists although a number of indicators are signalling a weaker trend to come.

'Totally unacceptable': PwC boss sorry for tax scandal

'Totally unacceptable': PwC boss sorry for tax scandal

'Totally unacceptable': PwC boss sorry for tax scandal

'Totally unacceptable': PwC boss sorry for tax scandal

The new head of PwC Australia has apologised at a Senate hearing for the firm's role in passing on confidential Treasury information to private sector clients.

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PwC spin-off given go-ahead for government contracts

PwC spin-off given go-ahead for government contracts

Scyne Advisory, the spin-off company of PwC's government consultancy arm, has been allowed to work on public sector projects following a department probe.

Rio, BHP warned of investor pressure on steel emissions

Rio, BHP warned of investor pressure on steel emissions

Australia's largest diversified miners are being urged to come clean on the greenhouse gas emissions pumped into the atmosphere by the world's steelmakers.

Households keen but confused by renewable energy change

Households keen but confused by renewable energy change

Research has uncovered more than 50 emerging trends in how households are using energy, potentially helping consumers and networks avoid costly mistakes.

Borrowers cutting back with more pain to come: RBA

Borrowers cutting back with more pain to come: RBA

Mortgage payments are at a record share of household disposable income, says a senior Reserve Bank official, and are expected to rise even further.

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Funding for more Queensland social housing amid crisis

Funding for more Queensland social housing amid crisis

Funding for more Queensland social housing amid crisis

Funding for more Queensland social housing amid crisis

The Queensland government will build another 600 social homes across the state thanks to a federal funding injection of almost $400 million.

COVID-19 costing the Australian economy billions

COVID-19 costing the Australian economy billions

COVID-19 costing the Australian economy billions

COVID-19 costing the Australian economy billions

Three years after the pandemic began, the COVID-19 virus is still taking a toll on the economy in sick days and healthcare costs.

CSL to bandage cost pressures to stem bleeding profits

CSL to bandage cost pressures to stem bleeding profits

CSL to bandage cost pressures to stem bleeding profits

CSL to bandage cost pressures to stem bleeding profits

Biomedical giant CSL has pledged to repair margins as cost pressures and volatile global currencies continue to bruise profits at the vaccine and plasma leader.

Soft landing more likely for limping global economy

Soft landing more likely for limping global economy

Soft landing more likely for limping global economy

Soft landing more likely for limping global economy

The global economy is limping along as inflation proves persistent, although the IMF is feeling more optimistic about a soft landing.

Business pressures ease in promising sign for inflation

Business pressures ease in promising sign for inflation

Business pressures ease in promising sign for inflation

Business pressures ease in promising sign for inflation

The uptick in cost and price pressures plaguing businesses looks to have been temporary in a promising sign for the inflation outlook.

Three-quarters of Aussie coal-mining jobs to go by 2050

Three-quarters of Aussie coal-mining jobs to go by 2050

Three-quarters of Aussie coal-mining jobs to go by 2050

Three-quarters of Aussie coal-mining jobs to go by 2050

Coal communities will need a transition plan that extends beyond the pit, with Queensland tagged as one of the hardest hit regions as the world's mines close.

One in three first-home buyers tap into federal scheme

One in three first-home buyers tap into federal scheme

One in three first-home buyers tap into federal scheme

One in three first-home buyers tap into federal scheme

More first-time home buyers are jumping on a federal government scheme as borrowing costs surge, according to the federal government's housing agency.

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Solution to energy transition might be over our heads

Australia could use a "secret weapon" to share the country's wealth of sunshine, kickstart the stalled energy transition and permanently reduce power bills.

Energy operator backs transmission network overhaul

The head of the Australian Energy Market Operator says new transmission lines are a core part of a low-carbon energy system fit for the 21st century.

Future Fund boss Peter Costello won't seek third term

Australia's former federal treasurer Peter Costello won't seek a third term as chair of the Future Fund and recruitment for his replacement is underway.

Talks begin on looming pay day super changes

A plan to claw back billions of unpaid superannuation to workers could force businesses to pay super into employees' funds on the same day as their salary.

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Resilience of Australian businesses under a microscope

A health check on the business sector and consumers will reveal how well the economy is holding up as price pressures persist and interest rates remain high.

Food delivery firm let poorly trained riders on streets

A food delivery service operating in four cities has been fined for not properly training hundreds of riders, leading to a warning for other app-based firms.

Tradies, skilled workers needed for clean energy shift

Tradies and uni graduates with clean energy skills and sustainability credentials are in demand but Australia needs tens of thousands more to hit climate goals.

ATO to name and shame businesses over unpaid debts

The tax office is coming after businesses owing more than $100,000 by threatening to name and shame them in a bid to recoup more than $5 billion it is owed.

CFMEU blasts industry 'hysteria' on workplace reforms

Tradies have no reason to be worried the federal government's workplace reforms will force them to become employees, the construction union says.

Santos in the dock over 'clean gas', net-zero by offset

Australia's biggest gas supplier Santos faces many months of costly wrangling with shareholder activists in the federal court over allegations of greenwashing.

Higher repayments eating deep into borrower incomes

Mortgage holders are funnelling more of their incomes into monthly repayments but are well placed overall to weather challenging economic conditions.

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